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with only hours left in fiscal cliff talks congress is calling it a rout no vote tonight in the house of representatives so what does this all really mean and is the damage already done. twenty twelve is almost coming to an end a look back at some of our most memorable stories here at our teeth and new beginnings. when soldiers return from war the veterans administration helped many of them get back on their feet the dark secret lies within the walls of the v.a. hospital in washington d.c. we'll tell you about a culture of drug dealing that has reportedly taken over at the hospital. it is monday december thirty first new year's eve in washington d.c. i'm christine for his hour and you're watching our t.v. . well get your parachutes everyone it looks like we will be going over the fiscal cliff after all the u.s. house of representatives has announced they will not be voting tonight on a budget deal now this may sound very dramatic but a few things to note tomorrow is a federal holiday markets will not be open if congress votes on this next week they could pass legislation retroactively
with only hours left in fiscal cliff talks congress is calling it a rout no vote tonight in the house of representatives so what does this all really mean and is the damage already done. twenty twelve is almost coming to an end a look back at some of our most memorable stories here at our teeth and new beginnings. when soldiers return from war the veterans administration helped many of them get back on their feet the dark secret lies within the walls of the v.a. hospital in washington d.c....
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cliff with congress and the president still struggling to find common ground. and see where it dives deep into conflict with take a look at the key developments in this civil war over the last year and ask is a record later. a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating according to a recent survey by lloyds t.s.b. international bank or his point of order explains now what exactly is making the reach part of the luxury luggage. blame the dismal weather that's reportedly the overwhelming reason for why one in five british million as a considering upping sticks and leaving the country now those reasons a followed closely by the high rate of crime in the u.k. and antisocial behavior and then another reason why they might want to leave is the high cost of living here in the u.k. and only in fourth place to my why they might might want to leave is the high rate of personal taxation now where are they growi
cliff with congress and the president still struggling to find common ground. and see where it dives deep into conflict with take a look at the key developments in this civil war over the last year and ask is a record later. a growing number of wealthy britons plan to wave goodbye to the u.k. over the next two years and move their lives and money elsewhere more than a fifth of the country's millionaires are considering emigrating according to a recent survey by lloyds t.s.b. international bank...
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Dec 26, 2012
12/12
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cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the board. and the president was hoping that everyone could cool off, drink of eggnog, spend time with the family and when you get back to washington on thursday, let's hammer it out. but a lot of people are saying it doesn't look like it may happen at all. >> a lot of people will be celebrating on new years. when we wake up january 1, there might be a lot of upset people. >>> in other very important news, perhaps the most important news of the night, trenton, ladies and gentlemen, remains in the hands of the hessians. yea
cliff. congress will also be returning on thursday, and we will finally see if they can come together and make an agreement. >> and the clock is ticking. we are now just days away. and the one thing that we off forget, this fiscal cliff, this isn't some small cliff we're talking about. this is like road runner, wylie coyote way off that cliff. you come off that cliff, it is a long way down. there are serious consequences for all of us. >> spending cuts, taxes raised across the...
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Dec 26, 2012
12/12
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WBAL
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remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee cups. now, speaker boehner has not yet called the house back into session. meanwhile, treasury secretary tim geithner told congressional leaders today that the nation has almost reached its borrowing li
remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs...
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Dec 31, 2012
12/12
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KRON
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cliff congress is to set to meet again today will have the latest from washington. >> and secretary of state hillary clinton has been hospitalized after doctors discovered a blood clot. we will have the latest on her condition coming up. >> plus we're watching your bay area weather on this new year's eve as well as your morning commute. >> we will be right back on the kron 4 >> it is very light traffic conditions of side. your quick commute check shows you that that is exactly what we have. in a state 5 a through altman pass way are very light right now. >> new this morning. two people are in the hospital this morning after a 2 alarm fire at a residential building in san francisco's excelsior district. the fire broke out before 1:00 this morning and crews had it under control run to 3:00 pm. to get you more news faster we will turn to jackie sizzle. >> pg&e crews remain out here. it looks like it is almost destroyed. according to officials of around 1:00 a.m. this is when the fire broke out. it sent to people to the hospital. we are here reports that it may have been a broken gas ma
cliff congress is to set to meet again today will have the latest from washington. >> and secretary of state hillary clinton has been hospitalized after doctors discovered a blood clot. we will have the latest on her condition coming up. >> plus we're watching your bay area weather on this new year's eve as well as your morning commute. >> we will be right back on the kron 4 >> it is very light traffic conditions of side. your quick commute check shows you that that is...
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Dec 27, 2012
12/12
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>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that is your hint. what on earth is happening in washington, folks? when we run through what exactly no deal
>> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our...
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Jan 1, 2013
01/13
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KQED
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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Dec 28, 2012
12/12
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KGO
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the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a
the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live...
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Dec 31, 2012
12/12
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to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise, which as i said, will procollude taxes from going up on middle income americans, provide for the unemployment insurance. i they we also provide for the reimbursement of doctors giving services to medicare patients. butt fact of the matter is it's been very difficult to reach compromise. i think the president of the united states and is now through vice president biden trying to reach a compromise. a compromise by its very definition means that neither side gets exactly what it wants. the difficulty from the house of representatives last week the re
to let the country go over the fiscal cliff. would your party have more leverage if we went over the cliff? >> i think both leader pelosi and i said going over the cliff ought not to be an option. it will be an indication of failure of the congress to work as it should. this has been the least effective, most confrontational congress in which i have served. i came here in 1981. so i think going over the cliff is not our preferred choice at all. we think we need to get to a compromise,...
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Dec 25, 2012
12/12
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>> well, essentially what we have to understand is that let congress deal with this fiscal cliff stuff. we have to worry about our fiscal houses. we can't control. we can vote. we can lobby but we can't control what they do in the long run. what we can control is our own fiscal house. you can't control what the deal does but you can control your gym membership that you've been paying for but you haven't gone to the gym. you can control the fact that you have coupon clippings that go unused in your sunday paper that you can still save hundreds of dollars on your cable bill or grocery bill every single month. so these are the things that we can start to do. have you negotiated you're interest rates on your credit cards? go to annual report.com to imyou're credit rating. these are things we can start to do right now that are in our control and we have to worry about our fiscal houses and less about the fiscal cliff. >> and those are simple things to do but they take time. but it's good advice. >>> okay, we hear a lot about the amt and how congress may put a patch on that. can you explain
>> well, essentially what we have to understand is that let congress deal with this fiscal cliff stuff. we have to worry about our fiscal houses. we can't control. we can vote. we can lobby but we can't control what they do in the long run. what we can control is our own fiscal house. you can't control what the deal does but you can control your gym membership that you've been paying for but you haven't gone to the gym. you can control the fact that you have coupon clippings that go...
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Jan 1, 2013
01/13
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WMAR
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abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can officially happen in the state. sherrie johnson is live downtown where couples were lined up to say their i dos it was a big morning for many. >> reporter: that's right. a little after midnight 7 same sex couples gathered right here in downtown baltimore at city hall to say their eye dos. this is definitely a historic day for maryland. the couples waited patiently at city hall to say their vows. baltimore mayor stephanie rawlings-blake hosted some of the marriages for same sex couples and perform the first ceremony. couples brought friends and family to take part in the historic ceremony. new year's
abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex...
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Dec 28, 2012
12/12
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finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected to be enacted, were they? >> reporter: right, during the budget battle of 2011, remember that super committee they were trying to find sending cuts during that time. these spending cuts were put in as an unthinkable trigger to force lawmakers to find a which too cut spending. >> they make it particularly unplatte hratable, they wanted it to come out of the budget. they thought it was too harsh, the secretary of defense said it would hollow out the military. we face the possibility now that it will hop. >> reporter: the only way to aeu sroeutd cutto avoid these cuts implemented is for the congress to act before the new year. gregg: i want to know whose idea it was. it came from the white house according to bob woodward "the pricef politics" the proposal was presented on behalf of the president. it's interesting that now he is struggling to try to deal with his own proposal. >> reporter: and time is running short. patti ann: new yor
finally fixes this fiscal cliff problem. gregg: molly henneberg. these cuts were never expected to be enacted, were they? >> reporter: right, during the budget battle of 2011, remember that super committee they were trying to find sending cuts during that time. these spending cuts were put in as an unthinkable trigger to force lawmakers to find a which too cut spending. >> they make it particularly unplatte hratable, they wanted it to come out of the budget. they thought it was too...
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Dec 27, 2012
12/12
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>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who have
>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm...
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Dec 26, 2012
12/12
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the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend less this season including hurricane sandy and concerns about how tax hikes from the fiscal cliff could impact their wallets. joining us for more on the numbers is michael mcnamara of mastercard advisers. great to have you with us. many analysts, retailers had high hopes for the season. i think it's looking weaker than expected. of course we had hurricane sandy and we're dealing with the fiscal cliff, as well. what do you think the big driver was of these slower growth numbers? >> well, good morning. yes, you hit on two
the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers suggest what started out strong is ending with a whimper. mastercard spending pulse unit estimates sales rose .7% over the past two months, which would be the weakest pace since 2008 during the financial crisis. many analysts had expected sales to rise 3% to 4%. several events may have, of course, pushed consumers to spend...
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Dec 26, 2012
12/12
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MSNBCW
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cliff diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >> the president was $2200 billion higher on revenues and speaker boehner, $200 billion on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decision ahead, six days left. >> lawmakers are saying they will likely take on tax reform and spending cuts again in the new year when the debt ceiling debate heats up. richard, back to you. >> looks like they will be worki
cliff diminishes. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >>...
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Dec 24, 2012
12/12
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WBAL
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. >>> congress is taking a break here and they have that fiscal cliff deadline looming and gun control. two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser. can't wait for that. >>> let's get started with that all-important forecast on this busy christmas eve morning. the weather channel's maria la rosa is in for al upstairs in the stat light center. good morning. >> we have a positive side. it's been a wind snowfall for ski he resorts across the west but travel is a nightmare. they're holding traffic in passes in the sierra nevada. it pushes to the east, and that's when we are concerned about severe weather. look at the future cast looking at the radar from midnight tonight
. >>> congress is taking a break here and they have that fiscal cliff deadline looming and gun control. two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family,...
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Dec 24, 2012
12/12
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lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, taxes will go up on all american taxpayers an
lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he...
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Jan 1, 2013
01/13
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a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> all right, this holiday season, most americans are not feeling all that much good will toward congress. mary snow has just some of the outrage over the fiscal cliff. >> boutique owner debra pays less attention to designers th
a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just...
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Dec 31, 2012
12/12
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WJLA
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the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic moving smoothly north. here is a look at the weather. >> a little bit on the cool side. need playersy today. cold is here. the 21 in manassas, 29 degrees in washington d.c.. if the clouds are filtering in. they will thicken up throughout the day. average between 42 and 46. >> thank you. l have another local news coming up at 8:56 on this new year's eve morning. [ cheers and applause ] >>> all right. we have great crowd outside counting down to the new year. the party is already starting in here. >> a little bit. >> ron claiborne, dan abr
the fiscal cliff deadline is looming. congress house and have a few hours left to reach a to stop potentially devastating tax hikes and spending cuts from taking effect. we will have an in-depth report few moments.just a and now a check on traffic. 118 in germantown, it looks like this all morning. no delays southbound. l head onto a map. we had an ongoing cleanup near the air force base. the lanes have been reopened. everything is looking pretty good. we will head to springfield. traffic...
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Dec 24, 2012
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gregg: congress now on holiday break while the fiscal cliff deadline looms. by the way we just got an urgent bulletin. peter barnes at the fox business network, that administration officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding talks. there are serious questions whether a compromise could be reached. lawmakerses warn no deal could plunge our economy into recession. here is senator joe lieberman. >> it's the first time i feel it is more likely we will go over the cliff than not and, if we allow that to happen it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history because of the impact it will have on almost every american. gregg: marjorie clifton, former consultant to the obama campaign and principal of clifton consulting an
gregg: congress now on holiday break while the fiscal cliff deadline looms. by the way we just got an urgent bulletin. peter barnes at the fox business network, that administration officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding...
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Dec 30, 2012
12/12
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KRON
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. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue
. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >>...
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Dec 27, 2012
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the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit because of the sequester and 9 defense spending, what you talked about on the show quite a bit. a big chunk comes from tax increases. little the end of the unemployment benefits of that been going on for a while, the payroll tax holiday and the alternative minimum tax which is going to grab more and more people. you will have les
the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs...
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cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can make special interest influences in washington d.c. for that when the cameras are on you know if they're on the red team they're going out there saying it's the welfare folks as well it's a people on food stamps or the people on extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about their corporate interests and this is why we can't come up with you but is an enemy when the cam
cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that...
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cliff exactly what is going to continue on that barack obama is coming back to talk with congress tomorrow first day this week about this but a lot of talk about it for a long time and how much of a deal is it really it could be huge deal could lead to the u.s. g.d.p. going down three percentage points could go down back into recession and for the biggest economy in the world that means trouble for everyone else big question is can they get it sorted in time or what we're talking about like that i guess exactly in a couple of minutes. i got. in this remote siberians in which people still sing the songs which russians sang in the middle ages and they cherish the nation rituals practiced by the will set up church before the seventeenth century the old believers here is sign the area our conservative community here known as the simi skia a word which refers to family. of god believe me there yet i feel. that i now am the first athlete that. people here are happy to show their way of life to tourists and teach them how to dance in the local star. the ease of prayer and the bell and the girl ne
cliff exactly what is going to continue on that barack obama is coming back to talk with congress tomorrow first day this week about this but a lot of talk about it for a long time and how much of a deal is it really it could be huge deal could lead to the u.s. g.d.p. going down three percentage points could go down back into recession and for the biggest economy in the world that means trouble for everyone else big question is can they get it sorted in time or what we're talking about like...
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good evening, i'm cheryl jenning autos so we're going over the fiscal cliff. kregs leaders say they're going to save us from disaster. everyone wants to know will we ring in the new year with more taxes? >> well, we will. and this for a while, anyway. the bush era tax cuts will expire at the strofk midnight. by tomorrow it's expect there'd will be a deal to vote on this, afternoon, the president called supporters to the white house to say an agreement to extend the cuts for middle class is very close. >> preventing that tax hike has been my top priority. last thing folks like folks up here on the stage can afford right is to pay an extrao;ye6) 2,000s ndz taxes next year. >> vice president and hsh mitch mcconnell have been leading on negotiations to extend the increasest qlait tax rate from 35% to 40% and extend unemployment benefits one year. >> we need to pro teblgt american families and job creators from this looming tax hike. everyone agrees that that action is necessary. and i can report we've reached an agreement on tax issues. >> sticking point has bee
good evening, i'm cheryl jenning autos so we're going over the fiscal cliff. kregs leaders say they're going to save us from disaster. everyone wants to know will we ring in the new year with more taxes? >> well, we will. and this for a while, anyway. the bush era tax cuts will expire at the strofk midnight. by tomorrow it's expect there'd will be a deal to vote on this, afternoon, the president called supporters to the white house to say an agreement to extend the cuts for middle class...
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what happens if the president and congress fail to reach an agreement on averting this so-called fiscal cliff? >> well, we go over it. you know, maybe the analogy of fiscal cliff that everyone is using might not be perfect because that doesn't end everything. there will be negotiations afterwards. in fact republicans who think that we are going overlook to the debt ceiling hike that will have to happen some time in the beginning of next year, perhaps at the end of january, or early february, at the point where negotiations will really pick up again, because they'll have some leverage there. there are reports out that some agencies, the defense department, that are facing these cuts as a result of the fiscal cliff are planning already ahead knowing that there will be negotiations afterwards if no deal is reached, and believing that some type of remedy will occur. they are not really starting to cut as much as they would believing that some deal, even if it doesn't happen before january 3rd will happen after january 3rd. >> reporter: you can be sure that they are actually lobbying and act
what happens if the president and congress fail to reach an agreement on averting this so-called fiscal cliff? >> well, we go over it. you know, maybe the analogy of fiscal cliff that everyone is using might not be perfect because that doesn't end everything. there will be negotiations afterwards. in fact republicans who think that we are going overlook to the debt ceiling hike that will have to happen some time in the beginning of next year, perhaps at the end of january, or early...
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congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, taking the dubious distinction away from san francisco. congratulations. chicago outsourced its parking meters to a private company and many drivers question that question now. >>> now to some surveillance video from houston. trust me, when you see this, you're going to want these bad guys put away for a long time. the gang of thieves ripped off a daycare center. three or four young men were captured on surveillance camera. there's one right there. going in, they shattered the glass door, then stole six tvs and several game consoles. that ain't all. and one thief took the time to hop on a tiny tricycle and ride it around the yard of the buildin
congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $6.50 an hour in the downtown area. chicago will have the highest parking meter rates in the country, taking the dubious distinction away from san...
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Dec 30, 2012
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this fiscal cliff was created to avoid what we are seeing now, to spur congress to act. if we get to this point and they still have not gotten things done, what is to say anything will get done? how do you get congress to do their job? >> and the white house. everybody has a role. that question is the right question. it is one that i talk about with the president in the interview this morning. he has a very ambitious second-term agenda. i don't know how he gets it done when they can't get the basic things done over the budget. these philosophical differences over taxes and spending remain. they are more entrenched. this is what i think changed. i think a second-term president obama will work harder to jam up the republicans, not to confuse them or lure into compromise but to put more political pressure on them to expose their divisions and internal discord. whether that creates leverage, we'll see. his relationship with congress has been very difficult. his view is that he doesn't have a legitimate partner. how do you get something done on immigration? on medicare reform
this fiscal cliff was created to avoid what we are seeing now, to spur congress to act. if we get to this point and they still have not gotten things done, what is to say anything will get done? how do you get congress to do their job? >> and the white house. everybody has a role. that question is the right question. it is one that i talk about with the president in the interview this morning. he has a very ambitious second-term agenda. i don't know how he gets it done when they can't get...
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cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is going to vote. >> reporter: it would extend tax cuts for all workers earning under $400,000 and raise taxes on people above that level and prevent a big tax hike in an estate valued at less than $5 million and extend unemployment benefits for 2 million people. the house will take it up later this morning, the hope is that chamber can pass it before the economy is rocked by the tax hikes. >> happy new year. i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to p
cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote...
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congress is expected to come back later this week as america gets closer to the fiscal cliff. some larrymakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter: congress recessed after republicans rejected john boehner's compromise. he proposed letting tax cuts expire for those making over $1 million a year. other republicans say it's time for a deal. >> i agree with him. i don't think we ought to increase taxes on anyone. however, we're now at a point where we're not going to get what we think is right for our economy and our country. >> with congress coming back, the president will also reportedly cut short his holiday vacation in hawaii. democrats hope mr. obama will continue to fight for a complete agreement, not just a temporary patch. >> i definitely hope that
congress is expected to come back later this week as america gets closer to the fiscal cliff. some larrymakers are now calling for a small scale deal as a temporary fix. >> i think it's impossible to get any kind of grand bargain or comprehensive package. i think we're dealing right now with whether or not we can put off the increases in tax rates. that's really all we can deal with right now. >> the house will stand in recess subject to the call of the chair. >> reporter:...
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will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not there briefly a ten seconds lawrence if you can is america likely to head into another recession now absolutely we haven't gotten out of this we've got him in the right way him. or not he supported by both democrats will be growing the u.s. economy everything you're doing there we're in we're in for a rough year mark you'll be back to talk to us about it no doubt lawrence freeman thank you editor at the executive intelligence review magazine much appreciated good night ok now let's take a look at our twenty twelve all unfolded for america last year it was a success for barack obama some would say who secured his second u.s. p
will raise with us congress. even though obama managed to get reelected very quickly right now in any way with the poor with the rapidly declining even his own little bank right now it creates right in here. so we have really no flowery in the country we are working with here i'm with you but wouldn't a democrat stand out going against the against the grain but you know the leadership is not there briefly a ten seconds lawrence if you can is america likely to head into another recession now...
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not much is happening in the fiscal cliff situation. it would mean a series of tax hikes and spending cuts taking effect in about a week. on wall street. the dow lost 52 points in a shortened christmas eve trading day. the nasdaq dropped eight. and the s-and-p lost 3 points. >> catherine: there could also be what you might call a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk if congress doesn't step in. with the focus on the fiscal cliff - other legislative matters are falling by the wayside.including a stalled farm bill. certain protections for farmers are expiring. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost.. ------------------------ now showing les miserables- >> quentin tarantino takes movie goers to the deep south of a plantation owner ...with leonardo eicaprio samuel l. jackson and 'les miser
not much is happening in the fiscal cliff situation. it would mean a series of tax hikes and spending cuts taking effect in about a week. on wall street. the dow lost 52 points in a shortened christmas eve trading day. the nasdaq dropped eight. and the s-and-p lost 3 points. >> catherine: there could also be what you might call a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk if congress doesn't step in. with the focus on the fiscal cliff -...
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the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and vice president joe biden. that's where all of the action is right now. keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot
the expectation, even if we go over the fiscal cliff. right now, congress is still looking at trying to resolve this here in the next few days. so it's not as if we go over the cliff and stay there. there would be time to resolve the issue. that being said, we saw a whirlwind of negotiating on capitol hill. and right now, after things sort of didn't work out between mitch mcconnle and harry reid, the top republican and top democrat in the senate, they have shifted between mitch mcconnell and...
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in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and mcconnell saying let it go forward and let congress vote against it, the majority won't vote against it and allow people to get on record saying i don't really like this. dennis: they know it will pass and they don't have to be responsible by defaulting on the debt. president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not?
in the short term the fiscal cliff is dealing with the budget and the debt ceiling is money that congress has voted to spend a. it is leverage. shibani: one side has leverage over the other. >> absolutely. and interesting plan from senator mcconnell, the minority leader in the senate, republican leader has said maybe we can do what we did last time which is bailout congress to vote against it but still went forward. normally congress has to approve the debt ceiling going forward and...
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. >> congress still missed the deadline to avoid the fiscal cliff. we'll have the latest on negotiations in a moment. but first, a look at some of the other stories we're following for you on this new year's day. hillary clinton spending today in the hospital, as we're learning more about her condition. and doctors revealed just how dangerous that blood clot could have been. you won't believe where the clot was located. >>> also this morning, new year's eve celebrations in new york and around the world as millions ring in 2013 with music and cheers. >> as 2013 begins, so does a long list of new laws. since you need to know, we're going to tell you where you can no longer let pigs loose or sell a shark fin. some of those unusual -- >> about here in the studio? i thought they banned that years ago. >> figuratively. >> we have in fact gone over the fiscal cliff. but lawmakers are working through the night on a deal to cancel the tax increases and spending cuts before they take effect. >> top republican leaders in the house say they'll vote on the agreem
. >> congress still missed the deadline to avoid the fiscal cliff. we'll have the latest on negotiations in a moment. but first, a look at some of the other stories we're following for you on this new year's day. hillary clinton spending today in the hospital, as we're learning more about her condition. and doctors revealed just how dangerous that blood clot could have been. you won't believe where the clot was located. >>> also this morning, new year's eve celebrations in new...
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Dec 24, 2012
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the fiscal cliff fallback plan fails. mr. president of europe. it's your turn to lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives on what is next for the markets, the economy, and the country. ♪ lou: ten days until the fiscal clef. that's right. still counting. the market sell-off today on no solution and moody's chief economist and bedford of adviser and chairman ceo harvey eisen will join us in moments to make all of this rational and understandable. first, and the "moneyline," investors expressed disappointment in the republican failure to pass plan be by selling stocks of around the world. certainly adding to the drama today, a day in which four kinds of options expire, and that is expected a quadruple preaching day, plunging on the open, fighting its way back, ending with a loss of 121 points. that sounds lousy, but it is better than it had been. the
the fiscal cliff fallback plan fails. mr. president of europe. it's your turn to lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives on what is next for the markets, the economy, and the country. ♪ lou: ten days until the fiscal clef. that's right. still counting. the market sell-off today on no...
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Dec 31, 2012
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the 100 of congress continued to spar with president obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending current levels of the estate tax, preventing tens of millions of americans from having to pay the alternative minimum tax this year, ensuring that doctors who treat medicare patients don't get an automatic pay cut. long-term unemployment insurance. while lawmakers are discussing right now with the white house is how to deal with the sequester, those automatic spending cuts of 94 billion that are supposed to start next year. negotiations continue with senate minority leader mitch mcconnell leading the way for republicans, and a vice president discussing for democrats. we are starting to get some la
the 100 of congress continued to spar with president obama and each other over the fiscal cliff. joining us from inside the beltway, peter barnes, rich edson standing by on capitol hill. all right. what are we waiting and? >> reporter: significant progress is what aides are telling us. they're working with the current framework right now. what it would do is protect income amounts of less than 400,000 for individuals, four under and 54 families, from a tax increase it includes extending...
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one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them form the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well-
one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them form the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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while the world was celebrating, congress was working to avoid the fiscal cliff. >> but there was no reason for celebration, at least on capitol hill. it is tuesday, january 1, 2013. >> from abc news, this is "world news now." >> we both agree it's really weird saying 2013. >> that was awkward. >> writing your relate check, how long are you going to write 2012 for, another six months? >> i'm all caught up -- i thought you were insinuating i was not caught up on rent. >> no. >> but to say january and 2013 in the same sentence is awkward. >> we'll get used to it. good morning, i'm john muller in for rob nelson on this first day of 2013. >> and i'm paula faris on this first day of 2013. senators worked late into the night, but no luck, at least not really. was the fiscal cliff averted? kind of, sort of. still missed the deadline to avoid the fiscal cliff. we'll have the latest on negotiations in a moment. but first, a look at some of the other stories we're following for you on this new year's day. hillary clinton spending today in the hospital, as we're learning more about her conditio
while the world was celebrating, congress was working to avoid the fiscal cliff. >> but there was no reason for celebration, at least on capitol hill. it is tuesday, january 1, 2013. >> from abc news, this is "world news now." >> we both agree it's really weird saying 2013. >> that was awkward. >> writing your relate check, how long are you going to write 2012 for, another six months? >> i'm all caught up -- i thought you were insinuating i was not...
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cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that option is necessary. >> i will say this, i think that the republican leader has shown absolutely good faith, but it's just that we're apart on some pretty big issues. >> and senator reid-- >> this has been a blame game from the very, very beginning and dana, we saw today president obama tak
cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the...